Airbnb prices soar ahead of big events

A new study has analyzed the average cost per night of an Airbnb on the dates of the world’s most popular music and sporting events in 2022.

The average cost of an Airbnb in the same area was also taken for the week prior to the event, to demonstrate the price difference and reveal which events had the greatest impact on Airbnb prices.

The study found that global events boost Airbnb prices by more than 597% in 2022, from Coachella to the PGA Championship.

Top 10 Global Sporting Events Raising Airbnb Prices in 2022

Rank Event Town Appointment Average price per night (during the event) Average price per night (previous week) Increase from previous week
1 PGA Championship Tulsa, United States May 16 to 22 $1,502 $215 597.5%
2 kentucky derby Louisville, United States May 7 $1,481 $334 342.8%
3 Monaco Grand Prix Monte Carlo, Monaco May 27 – 29 $1,398 $341 309.8%
4 British Grand Prix Silverstone, United Kingdom July 1 to 3 $835 $249 235.5%
5 Canadian Grand Prix Montreal Canada June 17 – 19 $848 $262 223.5%
6 24 hours of Le Mans Le Mans, France June 11 – 12 $415 $146 184.4%
7 Hungarian Grand Prix Budapest, Hungary July 29 to 31 $367 $153 140.4%
8 UCI Road World Championships Wollongong, Australia September 18 – 25 $781 $348 124.6%
9 Daytona 500 Daytona Beach, United States February 20 $664 $298 122.4%
ten Indianapolis 500 Indianapolis, United States May 29 $563 $258 118.1%

The event that sees rental prices climb the most is the PGA Championship, which will take place in 2022 at Southern Hills Country Club in Tulsa, Oklahoma. While an Airbnb costs $215 on average in the city in early May, prices jump nearly 600% for tournament week to $1,502.

Another major American event takes second place, the Kentucky Derby in Louisville. Prices in the city average over $1,481 per night for the prestigious race. The Monaco Grand Prix follows closely with Airbnb prices increasing by 309.8% during the event.

Top 10 Global Music Events Raising Airbnb Prices in 2022

Rank Event Town Appointment Average price per night (during the event) Average price per night (previous week) Increase from previous week
1 Glastonbury Festival Pilton, United Kingdom June 22 to 26 $697 $217 221.6%
2 EXIT Novi Sad, Serbia July 7 to 10 $194 $79 145.8%
3 Coachella Valley Music and Arts Festival Indian, USA April 15 – 17 $1,735 $736 135.8%
4 Eurovision Song Contest Torino, Italy May 10-14 $222 $118 88.6%
5 His Primavera Barcelona, ​​Spain June 2 to 4 $389 $254 53.2%
6 African nation Portimão, Portugal July 1 to 3 $292 $194 50.3%
7 Bilbao BBK live Bilbao, Spain July 2 to 9 $300 $201 49.3%
8 Osheaga Festival Montreal Canada July 29 to 31 $381 $257 48.4%
9 splendor in the grass North Byron Parks July 22 to 24 $415 $309 34.2%
ten Electric Daisy Carnival Las Vegas, United States May 20 – 22 $693 $520 33.2%

The biggest Airbnb price-raising US music event is Coachella, with prices soaring 135.8%. The festival hasn’t taken place in two years due to the pandemic, so 2022 is sure to be a huge year, with Harry Styles and Billie Eilish recently announced as headliners.

Glastonbury is of course one of the most famous festivals in the world, so it’s no surprise to see it top the charts. If you don’t feel like camping, then there aren’t really that many hotels in the area, which will only drive up Airbnb prices for the weekend (221.6%).

Ranking in second place is EXIT, which takes place in Novi Sad, Serbia. The festival sees Airbnb prices increase by 145.8%, with an overnight stay rising from £59 to £145.

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